Capital One cites anti-money laundering concerns in Trump Organization case

Capital One says Trump Organization account closures in 2021 followed review by anti-money laundering team.Published On 2 Aug 20262 Aug 2026Capital One Financial has hit back against a US lawsuit over its decision to close more than 300 of the Trump Organization‘s bank accounts in 2021, stating that it did so after a review by its anti-money-laundering team.The disclosure filed on Friday marks the first time a bank has formally tied money-laundering concerns to United States President Donald Trump‘s family business, according to Reuters. Capital One is seeking to dismiss the case by casting doubt on claims of illegal debanking — or denial of services on religious or political grounds — against the Trump Organization.Recommended Stories list of 3 itemslist 1 of 3Trump takes economic message to Michigan amid dwindling popularitylist 2 of 3Trump denounces Justice Department decision to drop Reflecting Pool chargeslist 3 of 3Trump Organization fined $1.6m for ‘brazen’ tax fraudend of listThe Trump Organization and Capital One did not immediately respond to requests for comment.Capital One has never accused the Trump Organization of illegal money laundering. But Friday’s filing argues t...